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USA - October 3 2012
Taxpayers should act now to protect refund claims based on the New York Supreme Court's recent determination that the MTA Payroll Tax is unconstitutional.
USA - September 5 2012
California's temporary repeal of its affiliate nexus statute requiring outofstate retailers to collect and remit use tax based on the presence of instate affiliates will end effective September 15.
USA - June 20 2011
On June 16, the Internal Revenue Service (IRS) issued Notice 2011-54, which provides that U.S. persons having signature authority over, but no financial interest in, foreign financial accounts in 2009 or earlier calendar years for which the reporting deadline was extended by Notice 2009-62 or Notice 2010-23 will now have until November 1, 2011 to file Foreign Bank and Financial Accounts (FBARs) with respect to those accounts.
USA - June 3 2011
The Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury Department issued Notice 2011-1 (the Notice) on May 31, providing a filing extension until June 30, 2012 for certain U.S. persons with signature authority over, but no financial interest in, foreign financial accounts of their employers and entities related to their employers, who are required to file Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR).
USA - March 11 2011
The Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury Department issued final regulations (RIN 1506-AB08) on February 24 regarding the requirements for certain U.S. persons to file Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR) (the Final Regulations).
